Tag Archives: Second Chance Banks in Birmingham

Second Chance Banks in Alabama

When you apply for a new checking account in Alabama, some banks will check your complete credit report and score. Most banks won’t deny you a checking account because you have bad credit. Banks are more likely to deny your checking account because you are on Chexsystems for bouncing checks in the past or still have a negative balance from another checking account. Banks for Bad credit in Alabama banks get a checking account online with no credit check.

The Best No Credit Check Checking Accounts in AlabamaNo Credit Check Checking Account

BBVA Compass Bank – The new BBVA Compass ClearConnect and BBVA Compass Clear Choice Checking Account are free and offer no monthly service charge, free online and Mobile Banking with Bill Pay, free online and paper statements, unlimited check writing and no fees on BBVA Compass ATMs. A LIST OF BANKS WITH FREE SECOND CHANCE CHECKING ACCOUNTS IN ALABAMA

Regions Bank – Open a LifeGreen Checking account online and get a $50 Bonus. To receive $50 Free, have one Visa Check Card transaction, one direct deposit of at least $10 and enroll in online statements through Regions Online Banking. Refer friends and you will get a $50 Visa® Reward Card for every friend who opens a new personal LifeGreen® checking account at Regions Bank. With Regions LifeGreen Checking, you also receive CashBack Rewards by using your a Visa CheckCard. A List of Banks in Alabama with Second Chance Checking Accounts Online and no opening deposit.

Discover Bank– Open a Discover Bank savings account online instantly and earn a rate 5x the National Savings Average with a low opening deposit and access to your cash anytime. 2nd Chance Banks in Alabama with no opening depositSecond chance Banks in Alabama Bad Credit Checking Account in AlabamaAlabama

Several good banks in Alabama do not use Chexsystems and will not check your credit. You can get a checking account online at Regions Bank and they even have a current promotion for a $50 bonus which will be credited to your checking account after your first purchase with your new Visa Check Card. You can open the free checking account online with no deposit, then you have 30 days to add direct deposit, mail in the deposit or stop by a Regions Bank branch. The Checking Account also has a rewards program so using the Check Card can also get you cash back.

Why Banks Do Credit Checks No Credit Check Checking Alabama

To prevent terrorism and fraud, all banks are required by law to verify your identity in the form of a “soft pull” of your credit report. A soft pull of your credit report won’t lower your credit score. The bank only checks to see that your name and address match up with the information on your checking account application. This is also where the bank gets information to make up the random identity confirmation questions during the process of applying for a checking account. and doesn’t give the bank can’t see detailed information about late car payments or bills in collection.

Banks requiring that your checking account is enrolled in overdraft protection in the form of a bank-issued line of credit, will require that you don’t have bad credit. The bank will conduct a “hard pull” of your credit report, meaning that the credit check itself will lower your credit score by 2 points. A hard pull lets the bank review your entire credit report and score. If you already know you have bad credit, avoid applying to banks that will do a hard pull of your credit.